COMPANY REGISIRAIION P4UMBER 01227130 INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMErftS 31 MARCH 2024 Ch*rity Number 270458 INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTh¥IS PAGE Trustees, An nual R¢p ori SiateTf] ent of ￿anC HI actIMt￿S (I￿Ory￿rat￿l¥ the I￿ome arKI eX[￿KIllUre accowt) Balance sheet Notes to the ffftanc ￿1 siatemenis 12 INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED31 MARCH 2024 About Inter-Action MK LittleAcorns.' Cleon up and work Rqirybow cenire Inter-Aciion MK (www.intewtionmk.org.uk) is an arts charity that has ix¢n improving the life chances and choices of people who face challenges across Milton Keynes since 1975. Almost as old as the City itself, we work across communities including schools work and open events, and we also create 8mazing projects with amazing people including Groovy Gecko. our nightclub for learning disabled adults, creating new community garden spa¢es with partners Ciry Discovery Centre which otTer opportunities for volunteering and events for a range of people who faee challenge alongside local communities, work with Young Carers. children's centres. and programmes for adults with additional needs. We work with trusted partners and have the support of our sector. Our focus through 202312024 has involved.. Setting up medium tern) projects Conceniraiing on childr¢n. young people. families aTJd adults with addilional needs Diversifying our funding Strengthening partnerships (Living archive. City Discovery Centre. Camphill Community. Carers MK) INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (ctmtiuued) YEAR ENDED 31 MARCH 2024 The trustees, who are also direciors for the purposes of company law, present their report and the financial sEaiement5 of the company for the year ended 31 March 2024. REFERENC E A N D A DM IN ISTRAIIVE DETA lis Registered charity name Inier-.4¢ iho i K e) ne51 Lull iled Charity registsxiion nuThber 270458 Cotnpany Egiskntion number 01227130 Prineipaloffice Milton K¢yn¢s Discovery Centre Bradwell Abbey Alston Drive Milton Keynes MK13 9AP Dir¢¢tor Diana Hanon Tbe trustees The trustees who served the com pany during the period were as follow s.. S Howard (Chairm inl Y l Barr% (Treasureil Debola Duze ISecreiaTy) Thomas Grai Amanda Marlow Tariq Raja Amanda Marlow resigned as a trustee in June 2023. IndepeDdeRt Examiner Harris & Co 2 Pavilion Court 600 Pavilion DrTve Northampton NN4 7SL Banker5 CAF Bank. Kent INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY CUARANTEE TRUSTEES. ANNUAL REPORT (COnl{nu￿) YEAR ENDED31 MARCH 2024 STRUCTURE GOVERNANCEAND MANAGEMENT The trustees who are also directors of the charity for the purposes of the Compani¢s Act 2006 present thetr repori together with the financial statern ents for the year ended 3 1st M arch 2024. The trustees have adopted the provisions of ihe Chariiies Staiement of Recommended Practice {SORP)'FRS 102- Issued in 2014. Governing dotu m ent Inier-A ¢tion {M ilion K eynes) Liln ited is a com pany lim iied by guarantee, incorporated on 19 Sepiember 1975, and a registered charily. li is governed by ils Memorandum and Articles of Asstsciatton. The guarantee of each Member is limiled to £10. OWECTIVES AND ACIIVI]IES We have referred to the guidance contained in the Chariiy Commission's general guidance on public b¢nefit when reviewing our aims and objectives and in planning our future acrivities. The pritn ary objective is ihe provision of Comrn unity A rls and A rts Developm ent. Trn51ets A full list of the trustees who served during the period 15 shown within the legal and adm in istratÈve inform ation. Tru Ste t re¢f u ilw t*t ind •rg i n i51tio Trustees are recruited through advertising locally and atlraciing interested indiv iduals w ho are assessed againsi skill requirements needed by the board. Remuneration Inter-A¢tiOTt M K currently has no direcily employed staff. Therefore, no employee earned in excess of £60.000 during the period and lh¢ total remuneration paid to key management personncl during the year was £nil (2023-. £nil). INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, Af4NUAL REPORT (rovliNue&) YEAR ENDED 31 MARCH 2024 Risk Th¢ Board of Trusiees carry out a Risk Ass¢ssment on a quarterly basis through rnollitoring Monagemeni Account5 and regularly review operational policies including the Business Plan, Health and Saftiy Policv. Equal Opportunities Policy, Education Policy. Ariisiic Polity, Safeguard ing policy, and DTsciplinary Procedures. The 4-year business plan identifies ihe follow ing key risks for the organisation along w ith the m itigattng a¢tions io be undertaken-. Risk Mitigating Action Loss of earned income. Need to gain Core Income We are working io increase our poteniial for earned income with a new digital project pilot which will offer mediurn terni opportunities for earned income We have diversified our fundraising to include small 'asks' to small Trusts for general costs. Our new 4 year plan contains financial targets for medium to long iern) funding (2-3 year funding) to include an uplift in core funding. We build a percentage towards core funding into each fundlng bid. We have fewer iargeted strands of work, with an accompanying fundraising schedule which targets particular trusls and foundations. Failure io achieve financial siability. The Board will keep a firni hold on finances and funding by continuing wilh bimonthly meetings. We have to recognise that the charitable sector is more precarious than ever. Over the last 12 months charitable grant givers hav¢ reported a 700/0 increase in bids for funding. We continue to work alongside an independent financial panner who regularly conducis an overview of actual expenditure and income against projections, and this is fed back to the ¢rustees, so that potential issues can be seen early and any consequeni actions can be taken. INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT {c¢ntin# YEAR ENDED31 MARCH 2024 Risk Mitigating Action Board Devclopment In order to be credible to funders and partners and to be able io provide the Interim Director and incoming team with Sufficient supporL resource and challenge. the Board continues ￿ support ihe organi5ation through scrutiny of annual polies and through working groups on partÉcular areas for example succession planning for key staff rnemb¢rs. Competition Our work over the last 5 years has consolidated Inter-A¢tion MK as a leader and strong partner within our sector locally. The Work proposed requires specialist skills and clear commitmeni to deliver to a htgh standard that are not necessarily held by the most likely competitors. Other artist5 and organisaiions developing programmes with shared objecitves can help to build visibility, audiences and demand for such work. Collaboration 15 encouraged. Inter-Action have a rolling 4-year plan which will include actions towards the objective of becoming the 'GoTo' organisation within our sector. INTER-.4CTION {MILTOli KEYNESI LINIITED COMPATr4Y LIMITED BY GUARANTEE TRL'STEES, ANNUAL REPORT YEAR ENDED31 MARCH 2024 ACHIEVEMENTS AND PERFORMAIYCE Michael Rosen at a Zerena film launch Staff and Volunteers at Christmas Groovy Gecko The contribution made by Inter-Action {Milton Keynes) Limited to the communiiy is recognis¢d by revenue support frotn M ilion Keynes Council aEJd project granis from the National Lottery Communiry Fund and (rusts and foundaiions including Children in Need and the CareTech Charitable foundation. The program me for 2023124 includ ed: Little A¢orn$: We have develoFd a m¢dium-temi project in conjunction with local Children'5 Centres and our hosts ￿ City Discovery Centre. The project focuses on ￿'0t￿]ng with familics with pre-school children on creative growing and c(K)king PrOj￿IS. W¢ have ￿n$fOrnIed of Rainbow Centre's Outdoor space. and a run projeci on birds with Windmill Famil). Centre. Funding is from the Nalional Lottery. This successful projert has led to a follow-up progrdmme which will extend into MO￿ Centres and a local special school. The Friday Show: We are developing a digital tv show with and for adults with additional needs. We received funding to develop a number of pilois from CareT￿h Foundation and Community Foundation. This year we rectuit¢d participants and film makers, set up focths group& and began running sessions. This project will ¢ontinue inio 2024125. GrooTrw Ge¢ko: Our long running nightclub with and for adults with additional needs is now well established in partnership with Popworld MK. We now have regular theme nights and occasional guests. The programffte pays for itself and also contributes to our core funding. INTER-ACTION (MILTON KEYNES) LIMITED COMPAJYY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (eoAftH¥e49 YEAR ENDED 31 MARCH 2024 Financial Review The deficit on the ordinary aclivitiesofthe company during the yearamounted to £5,023 (2023.. surplus of £10,033). The principal funders of the organisation during the year were Milton Keynes Council, National Lottery ComTnuntty Fund and MÉlton Keynes Corntnunity Foundation. Total funds held by Inter-Action MK as at 31 March 2024 were £18,144 (2023.- £23,167), consisting of unrestricted funds of £154 (2023.. £5.467) and restricted funds of £17.990 {2023: £17,700). The irustces are confident that Inter-Action MK is able to continue to meet its liabilities as th¢y fall due for the foreseeable fuiure and that the account5 should be prepared on a going concern basis. Reserves Poliev The trustees aim to keep enough in unrestricted reserves to ensure sufficient resources are available to cover all notice and redundancy costs and future lease com m itmenis in ihe event that th¢y are required_ In addition. the trustees aim lo have sufficient unrestri¢ied funds avaklable to cover on-going projects should funding fail. Funding Inter-Action MK approaches fundraising as a team activity with the Director leading, and a range of approaches are taken io raise funds from the Arts Sector, Communiiy Sector. Corporate Sector and Trusts. Inter-Action MK does not use the services of professional fundraisers or commercial participators to assist with fund development. No complaints have been received regarding its fund developmeni activities. PIAn$ for Futvtt Periods W e p lan io w ork on projects over 3-5 years and to achieve m edium term funding to carry this O￿t. Projects inc lude.. The Friday Show and Groovy Gecko The Siory Box project w iih fam ily centres and special schoo15 Website Refresh W ork w irh Camph ill on future gpportun iiies for adults with addilional needs Launch of a Youth Theatre for young people at risk of knife Crime Pilot of a digital Young Car¢rs project INTER-ACTJO.N {MILTON KEYN'ES) LIMITED COMPANY LIMITED BY GUAIL4NTEE TRUSTEZS. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 PUBLIC BENKFfT We achieve public bettefit by the delivery of the &bov¢ servi¢¢s' helping to provide Community Ans and Arts Development. TRUSTEES, RESPOLISIBILITIES STA TZ.MRTrT The trllstees (who are also the director5 of Inter-Athion (Milton Keyn¢s) Limited for th¢ purposes of ¢ompany law) r¢%ponsiblc foi preparing th¢ Trust¢¢s Annual Report 2nd the financi81 &tat¢rnents in a¢cordance with applicable law and regulation* Company law rwuir¢s the trustees to pr¢pare fingnciai SL*ern¢nLS for each financia] y¢eJ. Under that law the tTUSte¢s have elect¢d to pr¢pare th¢fEnancid Statements tn accordance with Unjted Kingdom Generally Accepted Accounting Pra¢iie¢ Gjnited Kin8dom Accountin8 Standards alld applicable l&w). Und¢r eornpany law the trust¢¢s mus¢ not approve the financial stat¢moits unles$ they are satisfL¢d tlLat they give a true and fait view of the state of affairs of the chariiable company and of the incomin8 resources and appli¢atiotx of r¢sourc¢s. in¢luding the income and expenditurE of the charitabl¢ company for that pcriod. Jrt preparing these financial siatemwt4 th¢ trust¢es ar¢ requirrAJ to". 5¢1ect suitable accountitl8 poli¢i¢s and theD apply them ¢onstst¢ntly" ob5crv¢ the methods and PTinciplcs in the Charities SORP 2019 (FRSI 02). make judgemcnts and a￿U￿ting estÈmates that are r¢&sonabl¢ and prudeot.. statc whether applicable UK Accotsrtting Siandards hwe beerl follow¢d. Subject to any matcrial d¢parture5 disclosed and explain¢d in the fJnxncl￿ St￿emen[S. and prepare th¢ firigncLal staiern¢nts on ihe gojng ¢on¢crn basis unless li is inappropriate to presume that th¢ charitabRe company will eontinue in operation. The tTUSiets ar¢ respon$ible for ketyins 4dequat¢ accouniittg records th41 are s￿￿1¢1¢nt to show and expl*n ihe Lompany's transactions and disclose with r￿S￿￿￿ble accuracy at any time th¢ finartria] position of the charitable compoJ)y and enable them io ensurc that the finzncia] stwem¢nts comply with ihe Companies Act 2f)06. Th¢y are ￿$0 responsibl¢ for safeguarding the assets of the ¢haxitable ¢ompany and h¢nc¢ ftsr takin8 rc&wnable st¢p$ for th¢ prevents.on and dete￿1￿￿ of fraud and other Èrre8ulariti¢s. In $0 far as th¢ trustees ar¢ &ware.' thrre is no relevallt information of which the charjtable ￿mpanY'S llndep¢ndent Cxaminer is ul￿Ware. and the Iru5tee$ have taken atl sieps that they ou8hf to have taken io make ihem5elve¥ aware of any r¢l¢vant Inform￿lon and to egiablish that th¢ indep¢ndea)t examiner is awar¢ of that inforrnatioJ]. The ¢harit&ble company's truste¢s considet that an audit is not requireAJ for this Y￿ (under $¢ction 14412) olthe Act) and that an indepertdent examin*ton 15 required. SMALL COMPANY PROVISIONS Thts report has been pr¢pared in a¢cordamce with the prrrisAon5 applicable io wmpani&% entitlrAI to th¢ small companies ex¢rnption. SignLxI on b¢haif of the trust¢¢s 2024 INTER-ACTION (MILTON KEYNES) LIMITED COMPAf4Y LIMITED BY GUARANTEE INDEPENDENT EXAMINF.R'S REPORT TO THE MEMBERS OF INTER-ACTION (MILTON KEYNES) LIMITED YEAR ENDED31 MARCH 2024 I report lo the charily trustees on my exominalion ol the occounts ol the charity for the year ended 31 March 2024 which are sel out on poges len lo eighteen. Respon$lbllllles and basis ol reporl As Ihe charity's trustees you are responsible for the preporalion ol the accounts in occordonce wilh the requirements of the Charities Act 2011 I'the Acl'l. I report in respect of my examinalion ol Ihe charity's occounls corried out under Section 145 01 the Act ond in corrying out my examinolion I hove followed all the applicable Directions given by Ihe Chorily Commission under section 145151 Ibl ol the Act. Independent examinerfs 31(rtement I confim that l am quolilied lo vndertoke the examination because l om o member of The Instilule ol Chortered Accounlanls in England and Wales, which is one ol the listed bodies. I have completed my exominolion. I confirm that no material matters hove come lo my atlenlion in connection with the examination giving me covse lo believe Ihal in any material respect.. occounling records were not kepl in respect of the chority os required by section I X) of the Act.. or the occounls do not accord with those rec(xds.' ( the occounls do not comply with the opplicoble requirements concerning the form and conlenl of occount5 Sel out in the Chorilies IAccounls ond ReFThtsl Regvlalions 2CK)8 other thon ony reqvirement that the accounts give o 'lrve ond foir view, which is nol a molter considered os port of on independent examinolion. I have no concerns and have come ocross no olher motlers in connection wilh the examination to which allenlion should be drown in this report in order lo enoble o proper understanding ot the occounls lo be reoched. Sorah Buswell FCA Horris and Co Chartered Accounlanls 2 Pavilion Court 600 Povilion Drive Northampton NN4 7SL Dole.. 30 Augusl 2024 INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 stricted F￿Thd5 Restsicled FllTrds Total Funds 2024 TotalFunds 2023 Note Note 2 Donaiions and leJv cies Other trading activities tnvestment income 4.873 9.489 34 18.100 22,973 9,489 34 46,565 8,156 35 Totil intomt and tDdo*m¢Dts 14J96 18.100 32,496 54,756 Expendilure on: Raising funds actfvitrs C hariiabè actfviti (SJ65} (18,095) {5J65) (32.154) (3.099) (41,624) (14.059) Totsl eiptnditu {23,460) (14,059) (37519) (44.723) Net 1￿Come11¢Xpe￿ditllre} Transfer between funds (9,064) 3.751 4.041 {3,751) (5.023) 10,033 Net Djovement in funds (5J13) 290 (5.023) 10.033 RetyB¢iliatio• •f f¥nd&' Total fund 5 broyghl foivi ard at l April 5,467 17,700 23,167 13,134 Total fullds C4fTi¢d foTrird at 31 Marth 154 17,990 18,144 23,167 ne SiatementofFnancHI.4¢1iviii¢s ￿¢ ludes ￿lE￿n5 and i0s5es in Ihe vea rand Iheiefore I siaiem en i o lio ial reco gn istd g i ins in d losse s b is n 01 been prepared. All o f ih e abo ve amounts relate to conti)uing acliKqtt& The notes on pgges 12 to 18 forrn part ofthest finaneial statemen -i( INfER-ACTION ITrfjLTONL KEyfyES) LIMITED COMPAfqY LIMITED BY GUAIL4NTEE 06341Q 02SEP￿lI BALAIYCE SHIET 31 MARCH 2024 2024 2023 Note C￿ENT ASSETS Cash ai bank and in hand 18,921 24.374 CRKDITORS: Amount5 fal]ing due withifj one year ij (777) (1.207) NBT CLW(ENT ASSETS 18.144 23,167 TOTAL ASSETS LKSS CURRENf u￿B￿r￿S NET.4SSE]S 18,144 23,167 18.144 23,167 FUNDS Restiicted Income funds Unrestricted Income funds J2 13 17990 154 17,700 5,467 23,167 TOTAL FUNDS 18.144 For the Y￿ end￿ 31 March 2024 the charity was ¢ntitld to exemption flom audit urtdtt 5￿tion 477 of the CompanJe$ Act 2006 relating to small cornpanies. No tnember of the company has deposit¢d a notice, purn]ant to section 476. reguirins an autht of these financial $￿ements. The trustees acknowld8e their rtsponsibilities for ensuTing that the charity keep5 acc4yJntsng records whi¢h ¢A)mply wjth se£uon 386 of the Act and for prepatill8 financia] stat¢Jnents which ￿ve a uu¢ and fair view of the state of affairs dthe company a5 at the end Of the fi]w)ciai year and of its incoming reswrces and application of resources, Includin8 Its income and expenditure. for the financial year in accordanre with the wuiremeThts of sections 394 and 395 and which otheThvise cotnply wih the wuiranents of the Cornpanies knt 2(K16 relating to financial ststemertt& so far as app15oF>le to the Company These financial statements have been prepued in accordance with the wovisions app]i￿le to companies subject to the Sm￿1 compaTrie$ rwme. These finaneiai **etnems w¢re approvd by the memb¢rs of the wmlljittee and authoTi%d for iswe on the 2024 and are signed ott their beha]f by: Howard Chairrnan Company Resi￿ration Number.. 01227130 The notes QD Pages 12 ¢0 18 forn part ofthese fi￿*￿¢5#1 statement& INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNIING Tr￿UC1&s B3$t$ o f ac counting The financial siaiements have b¢¢n pr¢par¢d in accordance with ihe Accounting and Reporting by Chariiies_' Siaiement of RecoTnrnended Practice appltcable lo charities preparing their accounts in accordance w iih ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)- (charities SORP (FRS 102}). the Financial Reporting Standard applicable in the UK and Republic of Ir¢land {FRS 1021 and the Companies Aci 2006. Inter-Atlion (Milton Keynes) meets the definition of a public benefit eniity under FRS 102. Assets and liabilities are initially re¢ognised al historical cost or iransaction value un less otherw ise stated in the relevant accouniing policy note(s). Going Concern The trustees are confident that Inter-Action MK is able to continue to meet its liabilities as they fall due for at l¢ast, but not limited to, 12 months from the date the accounts are approved. Casb Ilow ststem eDt Ihe irusiees have taken advaDlage of the exem ptK>n in SORP Bullelin l. published in February 2016. which ¢xempts srnall charities from PTeparing a c ash tkn w slatem eni. Fund accounting General funds are unrestitttd funds whrh aT¢ ava￿b￿ fr use at the discretK)n ofthe trustees TJ the furtherance of the general objectives of the chani). a n d ￿ h ic h h a v ¢ n o I bt¢n designaied for oiher p urposes. Restricied funds are funds whK h are u sed the c hani) for panrutar purposes. The cosi of raising and admiiBwing such fundsare charged agan The assets ofihe schem e are held separately fromihose ofthe com pany. Ihe annudc o niTib utio ns p a !" abk ar¢ Charg￿ to the statement offrwTrc ￿ actTh Ineome Allincoming resources are in¢hJd¢d in the Siatement of F￿anC￿ Ac tivirie5 (SOF,41 w hen Iht I h ariiv is le g a Ill" enliilcd io th¢ in£ orn ¢ 2nd Ih e am ou nt can b e q uantified wth reasonab￿ accuracy. -12- INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (coKiiMierfl YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) UDr¢$tricled Fwnds Restiicted Futhds Totsl Funds 2023 Note Donations and legacies Other trading activities Investment incorne 1SJ75 8,156 35 31,190 46,565 8.156 35 Total in¢ome aid tndowblltblti 23.566 31.190 54.756 Eiptnditure oll: Raising funds acti%Tt Ch ariiabk acti%itts (3.099) (14.484) (3.099) (41.624) (27.140) Totsl expeTrdilurt (17 J83) (27.140) (44.723) Net in¢oMelltiptndilurel 5.983 (3,206) 4.050 3.206 10.033 Net movement In funds 2.777 7256 10.033 Rte•u£iliatiK 0((U￿S- Total funds brought for* ard at l April 2.690 10,444 13,134 Total funds tarritd forw*rd at 31 March 5,467 17,700 23,167 The SiatementofFnancAI Atlivitie$ ￿t￿deS allgains losses in the ye iTind Iherefore a stitem eni of ioial recognised g i ins in d losse s h a 5 not been p rep ared. All of th e ab o v e amounts relate to contnung aciiMtr& -1 INTER-ACTION (MILTON KEYNESI LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FJNANCJAL STATEMENTS (C04YiiN£d) YEAR ENDED 31 MARCH 2024 3. DONATIOliS AND LEGACIES UDrestiiettd Ftytsds Restsleted Tot*l Funds Trjtal F u n d s 2024 2023 Donations 41MI 400 kles &)liciÈ(K5 ildren E(hthCAwling ]t(m KW$C(￿lI 10.000 500 2,500 500 1,500 375 473 473 Grants receivable Milton Keye￿5 Council - Web Design Milton Keynes Council - 2erena project 5,0(J) 50 8350 Children in Need National Lottery CoTllTnunity Fund- Siorylx)ok project National Lottery Cornrnunity Fund- Little Acorns project 9,965 9,850 7230 8.995 4,873 18,11)0 22.973 46,565 OTHER TRADIiYG ACTIVITIES Lnrestritted Funds Restiieted Total Funds Ibial Fun d s FuDd$ 2024 2023 Donations INVESTMENT INCOME Utsrtstiicttd Totsl Funds Total F u n d s FuDds 2024 2023 34 34 35 -14- INTER-ACTION (MILTON KEYNES} LIMITED COMPANY LIMITED BY CUARANTEE NOTES TO THE FINANCIAL STATEMENTS (coAiiN¥e&) YEAR ENDED 31 MARCH 2024 EXPENDITURE ON RAISING FUNDS b'mre s tricte d Funds Restiieted Totsl Funds ￿181 Fu n d s Funds 2024 2023 pp ort c osts- Administraiive 5J65 5.365 3.099 EXPENDITURE ON CK4In4￿AcI[￿1lEs L"nre stricte d Restiicttd Totsl Funds Ibtal FUD d s Funds 2024 2023 Groovy Gecko MKC Web Design Friday Show Young Carers Childrens Garden Youih Fund UK Litile Acorns MK College Traineeship Zerena Storybook Other Sjpportcosts 4JOJ 2357 4a63 2257 2J98 2,623 4,517 2,598 2.623 7.793 10.129 2,594 3,479 6.063 6,063 1.665 1.665 3.145 (313) 11.788 {313) 11,788 9,927 18,095 14,059 32,154 41.624 C(M5 OFCHAlUtIRE AC￿￿ThES BY ACIIVllY IYPE Sup cos ort Total Funds Toial Fun d s 2024 2023 Projeet eosts Groovy Gecko MKC Web Design Friday Show Young Carers Summer Challenge Childrens Garden Youth Fund UK Little Acorns MK College Traineeship Zerena S(orybook Other Salary rel*ed expendiwTe Ad m in strative c osis Prem iges and otTr ¢ costs Governancc Costs 4J63 2257 2598 2,623 4,517 2257 2,598 2,623 7.793 10.129 2,594 3,479 40 3,145 6,063 1,665 (313) (313) 1.464 7,258 2,501 565 1.464 7,258 2,SOI 565 1.440 4,446 3,466 575 20J66 11.788 32,154 41,624 INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (co￿1￿￿ed) YEAR ENDED 31 MARCH 2024 NEfiNCOME I (EXPENDITURE) FDRIIEYFAR Th s is staled after c harging-. 2024 2023 aff pension contribui*)ns Independent Examiner's fees 1,440 575 565 The Trllsiees agreed lo PToYide fund$ fro￿ uniestTicled funds to 5UPPOTI Ihe L iiilt A corn s an d to an allo c atK)n of costs firwn the r¢strrted fund to contnbute to the unrestric ted costs ofthe c hatili. 10. srAFFCI￿ AND EMOLUMEPIIS Total staff costs wert a5 follow5: 2024 2023 Other pension c osts 1,464 1,440 R.464 1.440 P•rticulan of em plovets: Ih¢ avcrage num berof empbyees durmg lh¢ year, ¢air ulated on the basis of full.iim e equtvalenis,wasas folbws= 2024 2023 No Management and admrLBtraiive staff N o trustees received e iher rernuneratKTrn or expen 5e5 n ih e ye a r (2023.. £nil). No empbyee received ￿mUneral￿)rt ofmore than £60.000 during the yearl2023- NI1). -1 INTER-ACTION IMILTOIY KEYNES} LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eoml•u¢d) YEAR ENDED 31 MARCH 2024 11. CREDITORS- Amounts falling due within otse ye*r 2024 2023 Trnde cralitor5 Other creditors 212 565 332 875 777 1,207 Balallee at l Apr 2023 Incoming TEi•urtt$ Outgoing sollrt t$ Balance at Trl i sfe r3 31 Mar 2024 Little Acorns Storybook 3.$1)0 (6.063) (1.1 io) 2,563 18.100 1&990 Friday Show 6,4(M) (2,598) (1802) Zerena (1,665) 1,665 Young Carers 7￿lM) (2.623) {5,177) 17,71)0 18.1110 {14.059) (3,751} 17.990 Little Acorns. We have developed a medium terni project in conjunction with lo¢al Children's Centres and our hosis at City Discovery C¢ntre. The projeci focuses on working with familie5 wiih pre s¢hg01 children on creative growing and ¢ooking projects. StorytrMx>k. This will lead on from Little Acorns in family eenires and specia] schiK)Is Friday Show. We secured fundints from Care Tech Foundation and small amounts from Community Foundation Eo set up a pilot for a digi￿1 TV show wilh and for adults with additional support needs. Z¢rena.: The funding from MKC enabled us to work wilh MAKE, Living Archive and the Gallery to launch a documentary and a legacy progamime involving 5chiM)Is with creative5 Children in Need.. this fimding enabled us io TWI Music prOJ￿ts, and family garden programrnes -17- INTER-ACTION (,MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (cojthnwed) YEAR ENDED 31 MARCH 2024 Balanc¢ at l Apr 2023 Incotning source5 Outgoing rt$04t¢¢s Balanct at 31 Mar 2024 TrAnsfe General Funds S467 14J96 (23,460) 3.751 154 5.467 14J96 (23,460) 3.751 154 14. ANALVSISOF N￿￿￿[S rnFUP4DS r4et currEnt assets Total Restiicted Inco m e FuDds: Restricted funds Unr¢$tritted Ineom t Fumds: twal fijnds 17,990 17,990 154 154 Totsl Fund$ 18,144 18.144 15. COMPANY ufv￿BY GUARANIEE Th e liabkny ofeach member E Fnllted. other such persons who May have been m embers wrthin the past tw¢lv¢ month& 16. CONTINGENCIES A liability would arise in the event of a withdrdwal of the elwity from the pension scheme operated by The Pension Trusi. The coniingent liability ai sep￿mber 2023 amounted to £5,357. -i&